U.S. President Donald Trump unleashed a whirlwind of trade policy changes this week, reshaping tariffs on imports from India, Brazil, South Korea, and copper products—all while scrapping exemptions for low-value shipments. Here’s the breakdown of what’s shaking global markets and diplomacy:
India’s Tariff Tango 🇮🇳
Starting August 1, India faces a 25% tariff hike on exports to the U.S. after stalled trade talks. Trump called India a 'friend' but criticized its high tariffs and energy deals with Russia. New Delhi vowed to keep pushing for a 'fair' agreement, but time’s ticking—Friday is the final deadline.
Brazil’s Bumpy Road 🇧🇷
Brazil gets hit with a 50% total tariff on goods, escalating tensions linked to former President Bolsonaro’s trial. President Lula slammed U.S. 'interference,' while Brazil’s finance minister hinted at negotiations. Visa suspensions for Brazilian judges added fuel to the fire.
South Korea’s Deal Drama 🇰🇷
Trump struck a deal with Seoul: 15% tariffs (down from threatened 25%) plus $350B in U.S. investments and $100B in energy buys. South Korean President Lee Jae Myung called it a 'major hurdle' overcome, easing export uncertainties. More details await his White House visit.
Copper Chaos & Small-Shipment Surprise 🔌📦
Universal 50% tariffs on semi-finished copper products sent futures plunging 20%. Meanwhile, the $800 'de minimis' exemption for low-value imports ends August 29, meaning even your late-night online shopping spree could cost more.
Analysts warn these moves could ripple through global supply chains—think pricier electronics, delayed projects, and tense diplomatic chats. Stay tuned for more trade twists! 💥
